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Countries that are open to international trade: cannot suffer from immiserizing growth. tend to grow faster...

Countries that are open to international trade:

cannot suffer from immiserizing growth.

tend to grow faster than the closed economies.

tend to lose out on the benefits of technological diffusion.

do not experience biased growth.
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Answer #1

B] Tend to grow faster than the closed economies.

Free trade encourages a more rapid spread of technology and hence increases economic growth. In open economy free trade is promoted and it brings latest technology from the developed market and also bring fresh capital, talents and system to work.

The results of trade openness can be tangibly measured in terms of economic growth, productivity, a higher standard of living, further innovation, stronger institutions and infrastructure, and even promotion of peace. Open economies grow faster than closed economies.

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